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Lawyers in Dubai
27 Aug 2021

Transfer Pricing Regulations in the Middle East

Transfer Pricing Regulations in the Middle East The Transfer Pricing is a common mechanism which the countries use to transfer the tax base. The transfer is often from countries with high taxation to countries with low taxation. Transfer Pricing deprives states of their fair share of taxes from global corporations. In…

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Lawyers in Abu Dhabi
23 Jul 2021

UK Tax Considerations for Short Term Business Visitors

UK Tax Considerations for Short Term Business Visitors Short-term business visitors are people who do not live in the UK but who make business trips to the UK and who works for a UK firm and/or are directors of UK companies; the tax position of the individual in the UK…

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Lawyers in Abu Dhabi
20 Apr 2021

Income Tax Law in Israel

Income Tax Law in Israel Residents in Israel are taxed on their worldwide earnings. Non-residents are entitled to income tax on income earned in Israel and capital gains tax on capital gains on properties located in Israel (subject to special non-resident exemptions). Income tax, capital gains tax, value-added tax, and…

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Lawyers in Abu Dhabi
14 Feb 2021

Guide on Avoidance of Double Taxation (DTAA) – UAE & India

Guide on Avoidance of Double Taxation (DTAA) – UAE & India Introduction  Benjamin Franklin once said, there are two things you cannot avoid; death and taxes. In a country like the UAE, where tax is almost invisible, corporate tax is levied on oil companies and foreign banks as part of…

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Lawyers in Dubai
07 Feb 2021

Amendment of Income Tax Act– Singapore

Amendment of Income Tax Act– Singapore What is the Tax System in Singapore? The tax revenue collection in Singapore includes corporate tax, personal tax, Goods & Services tax, and property tax. The tax system in Singapore is one which many countries thrive on echoing as it is known for being…

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Financial Lawyers in India
14 Jan 2021

Goods and Services Tax in India

Goods and Services Tax in India  The goods and services tax is an indirect tax that is applied on the consumption, sale or manufacture of goods and services. The GST is charged on the supply of goods and services in the territory of India. The Central Goods and Services Tax Act in India…

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Lawyers in Dubai
05 May 2020

An overview of the applicability of VAT legislation

An overview of the applicability of VAT legislation A Achar Value Added Tax (VAT) was introduced in the United Arab Emirates upon the issuance of Federal Decree Law Number 8 of 2017 and was implemented just as the year 2018 was heralded. Value Added Tax is the tax on the…

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Lawyers in Abu Dhabi
22 Dec 2019

Value Added Tax Penalties in the United Arab Emirates

Value Added Tax Penalties in the United Arab Emirates Abstract: Value Added Tax (VAT) is an indirect tax levied on consumption or the use of goods and services at each stage in the chain of its production and distribution; from raw material to its final sale based on the price…

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Lawyers in Dubai
22 Sep 2019

Lights, Camera, Taxation!

Bollywood Deals: Music Meets Dance Who isn’t a fan of Dilwale Dulhaniya Le Jayenge? The lens takes us to the romance set in the mountains of Switzerland to a typical wedding household in India with dance, music, drama, and emotion. Bollywood is one of the most prolific centers of film…

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taxation lawyers in UAE
16 Sep 2019

BEPS (OECD?) - Changes to Taxation of International Business

BEPS (OECD?) - Massive Changes to Taxation of International Business I. Introduction BEPS stands for ‘Base Erosion and Profit Shifting.’ The BEPS plan was launched during the 2008 global reccession. The notion behind this launch was threefold: Firstly, to revise the international tax structure; Secondly, to align the framework with…

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taxation lawyers in UK
17 Jul 2019

Capital Gains Tax for Non-Residents on sale of Real Estate: United Kingdom

Capital Gains Tax in the UK: How are Non-Residents Liable?   "The power of taxing people and their property is essential to the very existence of government." - James Madison   Tax is an amount that is paid by either individuals or corporations towards the government of the jurisdiction at which…

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taxation lawyers in UAE
29 Jun 2019

Tax Regulations in the GCC : Guide

Guide on Tax in UAE, Saudi Arabia, Kuwait, Bahrain and Oman Introduction: Gulf co-operation council is the abbreviated form of GCC. It came into force in 1981.   It is the union of all Arab state except Iraq and UAE is one of its member states. Saudi Arabia has head first…

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Capital Gains Tax UK
06 May 2019

United Kingdom: Capital Gains Tax on Real Estate

Non-Resident Capital Gains Tax on United Kingdom Real Estate: A New Regime   Introduction The legislation encompassing the new regime for taxing non-residents’ gains on the United Kingdom (the UK) commercial real estate came into effect on 6th April 2019. Her Majesty’s Revenue and Customs (the HMRC) has additionally published…

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Criminal Lawyers in Dubai
20 Nov 2018

Country Focus: India | The Customs Act, 1962

Panorama of Customs Duty in India Part I We all have read in our childhood or seen in movies that how centuries ago, to enter a kingdom, a merchant with his merchandise had to give some gift to the king. In due course, this tradition has formalized and now given…

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